Meritor Inc (MTOR) Receives $22.00 Consensus Price Target from Analysts

Shares of Meritor Inc (NYSE:MTOR) have received an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.00.

MTOR has been the subject of several research analyst reports. Royal Bank of Canada downgraded Meritor from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $18.00 to $19.00 in a research note on Wednesday, January 23rd. Barclays reiterated a “hold” rating and set a $21.00 target price on shares of Meritor in a research note on Sunday, March 31st. Finally, ValuEngine upgraded Meritor from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th.

Shares of NYSE MTOR traded up $0.03 during mid-day trading on Tuesday, reaching $24.96. 1,416,477 shares of the company’s stock were exchanged, compared to its average volume of 842,891. The firm has a market cap of $2.08 billion, a P/E ratio of 8.24 and a beta of 2.10. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.08 and a quick ratio of 0.62. Meritor has a twelve month low of $15.01 and a twelve month high of $25.17.

Meritor (NYSE:MTOR) last posted its quarterly earnings results on Tuesday, January 29th. The auto parts company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.19. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $967.98 million. Meritor had a return on equity of 89.57% and a net margin of 5.63%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Equities analysts anticipate that Meritor will post 3.36 EPS for the current year.

In related news, SVP Timothy J. Heffron sold 36,940 shares of Meritor stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $22.00, for a total transaction of $812,680.00. Following the completion of the sale, the senior vice president now directly owns 31,741 shares of the company’s stock, valued at approximately $698,302. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Chris Villavarayan sold 34,246 shares of Meritor stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $21.31, for a total value of $729,782.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,334 shares of company stock valued at $1,772,790. 2.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio raised its holdings in Meritor by 146.2% in the 4th quarter. Strs Ohio now owns 3,200 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,900 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Meritor by 155.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,367 shares of the auto parts company’s stock valued at $141,000 after acquiring an additional 5,098 shares in the last quarter. Mackey Komara & Dankovich LLC acquired a new position in Meritor in the 4th quarter valued at $193,000. Amalgamated Bank acquired a new position in Meritor in the 4th quarter valued at $203,000. Finally, OmniStar Financial Group Inc. acquired a new position in Meritor in the 1st quarter valued at $248,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

Meritor Company Profile

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Trailer; and Aftermarket & Industrial.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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